Mon thoughts

256
MM waiting at 799 so needs to clear that...may stall there unlesss they move out of the way

253
72% rang long nugt here 786.  should go for scalp trgts now
799 and 839

216
narrow range candle in nugt today, of last 7 days. may see a 10-20 move in nugt in next 1-4 days, will it be up or down lol?

132
15min bear flag in SPY, intraday

1156
newly acquired SPXU on friday has turned green from entry...still holding

1148
back to ES...those daily hanging men candles, japanese theory says a close under the lows 1669ish would be confirmation of reversal to bearish ,,,

1142
im going to wait on 773 add on nugt ...
will see what it does here
 still plan to add something if pb within that hour tho

1130
watching if nugt can get over 875 in next 2-12 hours...time analysis for up sideways up bias on it, or if it fails

1128
773 NUGT i'll add if it wants to go there in next hour, before 814 or 839...if not will run with curr quick trade and seperate swing position

1123
814 trgt now after stall at 799...nugt...stil waiting on 839 tho
MM have raised the sell level, so should get the 799 prior level trgt now, sttall there for 814, then stall then 839

1117
and if ES hits 1665, might see a big move on uvxy vxx....may need to wait a bit for fear to come in,

1116
VXX still underpriced...may see a quick pop higher in it at some point...

1107
right now, this is daytraders retail selling 785, not MM, on this test...will watch if MM join in or wait for 799

1105
unless they change their minds, MM have finished selling the 785 nugt area and now waiting for 799 area

so we may see the 785 resist on the 15min chart break higher on its next try

1102
alert rang. nugt should test 799

1051
daily spx looks like it needs to make a lower low under 1676, may 1653

1003
VXX is about 1% undervalued atm....not much for a volatile prod like it, but it should re-align soon
doesnt mean anything for swings on vxx...just observation for quick trades

957
839 quick trade trgt 1 on nugt if it hits there for about 7% gain quick trade...swing targets higher

954
ABOVE the mkt 1332 gold futures: will buy some
1330 last gold, needs to move over 1332 then will buy at the mkt

953
as long as gold futures stay over 1320...bullish on gold imo

951
but imo if we see that, break first try to 820, then the 860 will prob also break (not necess today, would still stall there, but would mean Inv Banks willing to pay that premium at 799

just a bunch of "what ifs", but part of my notes in the trading plan, so we can monitor as things go along....

949
MM sell level 799 nugt...so likely stall there on first try unless they raise it...watching for signs of MM and Inv Bank accum on nugt,or not...

if 799 NUGT breaks higher on first try, with a quick move toward 820, it prob means the larger INV Banks jumped over the smaller MM...not expecting that, expecting stall, but that would be interpret if it breaks instead

946
753 MM buy level 1 on nugt

938
Inv Banks on sidelines here on nugt with their buy / sell levels at 665/920
but note that 665 buy is close to curr price than the 920 sell level....a bullish Inv Bank stance

938
also gold futures are susceptible to at least take a stab at testing its overnight high near 1338.50, gold now trading at 1329

936
NUGT rigt at resist, want to be in it for quick trade, on expected break of resist...if it breaks will pop up fast nicely

if resist holds and nugt falls, will add...but willing to buy here because it has spent enought time consolod on the 60 min charts last few days imo

934
bought some nugt here, quick trade near the open...willing to hold it if it drops and will buy more, not all in on the quick trade, in at 785 to start nugt

929
order in to sell half of VXX and uvxy at vxx 16.99 and hold second half for higher. thats about 10% above the current price, to lock partial gains if its hit

917
SPXU quick trade from Friday is near entry price, after moving a bit lower after buying it on Friday. this is one reason why i dont like "pure" daytrades where one is forced to exit that day if the stock just gets stuck and does not really move...


915
665 is an old Inv Bank buy level from last week, and it's below the 681 prior daily low from thurs, and just so happens to be near gap fill area...all derived from GDX analysis not nugt directly

913
for now, also have order to add to NUGT at 6.65 if it happens to want to go down there, trading at 785 area right now pre-market

may pay a higher price for the "open" nugt trade.....multiple styles strategies in effect atm

909
the open is very volatile on NUGT and can present quick scalp opps...may be a quick trade if i do it....still holding the 50% size nugt swing long which ignores all this "noise"....multiweek hold

905
if GOLD shows strength during the open, may jump on some NUGT and USLV longs at the open...futures trickled higher and now have a red bar, but if it holds i'll try an early entry

* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".